Gasoline prices will remain unchanged this week, but oil companies announced an upward tick in the prices of diesel and kerosene starting Tuesday (October 8).
This is the second consecutive week local oil firms raised their pump prices.
Oil firms Cleanfuel, Caltex, Petro Gazz, Jetti, Seaoil, and Shell announced in separate advisories on Monday a P1.20 per liter increase in diesel price. In addition, Caltex, Seaoil, and Shell will also increase the prices of kerosene products by P0.70 per liter.
Other oil companies are expected to follow suit.
Last week, the Department of Energy (DOE) said global oil prices continue to increase due to fears of escalating tension in the Middle East.
“Year-to-date, total adjustment of gasoline and diesel stands at a net increase of P6.40 per liter and P2.85 per liter, respectively, while kerosene has a total net decrease of P6.05 per liter,” DOE said.
As of October 7, gasoline prices in the National Capital Region range from P49.15 to P84.87 per liter, diesel from P45.40 to P70.20 per liter, and kerosene from P66.59 to P77.65 per liter.
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